In the international market, external disk prices still have upward trend and space. According to reports, Chinese oil traders basically agree that Saudi cargoes should be close to US$200/tonne FOB Zhubaile, equivalent to US$225-230/ton CFR. The United Arab Emirates pointed out that in the second quarter of the Chinese market, the offer price is expected to be $210/t FOB. Canadian suppliers stated that the price intention of the second-quarter contract transaction was higher than US$200/ton FOB. In North Africa, negotiations on the former Soviet Union’s cargo are underway, and it is estimated that North African manufacturers’ prices will be around US$210-215/t cfr in the second quarter. Although international traders are currently very interested in the strength of the Chinese domestic market, people in the Chinese market are worried about the current price of DAP of US$530-540/ton in India. If the price continues to be exported to fertilizers in June, it will not be enough to start a lot of The export of China's DAP has seriously affected the consumption and demand of the Chinese government.
In terms of the domestic market, domestic smelters are currently relatively stable, there are no signs of price changes, and the refinery shipments are relatively impressive. Refinery stocks in various regions are basically at a low level. Today's domestic port market continued to be stable and the market sentiment was slightly deserted. Qingdao Port ** price has not changed today Russia block powder offer 1670-1680 yuan / ton, Japan and South Korea block powder quotation 1690-1700 yuan / ton, bulk Saudi grain offer 1710-1720 yuan / ton, packaged sulfur particle price 1760 yuan / Ton. Nantong Port ** today quoted 1700-1720 yuan / ton, most traders said stop profit, the transaction price will remain at 1700 yuan / ton, but because of the downstream manufacturers temporarily unacceptable, so did not hear substantial transactions. In Fangchenggang, some traders today reported that they had imported pellet prices of RMB 1,720-1,730/t, and most traders still stopped offering foreign prices. Downstream manufacturers currently have low purchasing enthusiasm for **. Unclear late-stage markets make manufacturers more cautious with regard to procurement, and mainly use small-single transactions as their main purpose.
At present, the confrontation between domestic traders and manufacturers has become more apparent. The two sides have gradually entered a new round of games and it is expected that the stalemate will continue in a short period of time. In the short-term, domestic prices will stabilize under the support of rising external prices, and there will be new movements when downstream demand improves.
In terms of the domestic market, domestic smelters are currently relatively stable, there are no signs of price changes, and the refinery shipments are relatively impressive. Refinery stocks in various regions are basically at a low level. Today's domestic port market continued to be stable and the market sentiment was slightly deserted. Qingdao Port ** price has not changed today Russia block powder offer 1670-1680 yuan / ton, Japan and South Korea block powder quotation 1690-1700 yuan / ton, bulk Saudi grain offer 1710-1720 yuan / ton, packaged sulfur particle price 1760 yuan / Ton. Nantong Port ** today quoted 1700-1720 yuan / ton, most traders said stop profit, the transaction price will remain at 1700 yuan / ton, but because of the downstream manufacturers temporarily unacceptable, so did not hear substantial transactions. In Fangchenggang, some traders today reported that they had imported pellet prices of RMB 1,720-1,730/t, and most traders still stopped offering foreign prices. Downstream manufacturers currently have low purchasing enthusiasm for **. Unclear late-stage markets make manufacturers more cautious with regard to procurement, and mainly use small-single transactions as their main purpose.
At present, the confrontation between domestic traders and manufacturers has become more apparent. The two sides have gradually entered a new round of games and it is expected that the stalemate will continue in a short period of time. In the short-term, domestic prices will stabilize under the support of rising external prices, and there will be new movements when downstream demand improves.
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